The leading player in developing generic Active Pharmaceutical Ingredients (APIs) aims to utilise the net proceeds from the fresh issue towards pre-payment of term loans and general corporate purposes.

DCA received complaints that anti-cancer drug 'Vincristine' imported from China was of poor quality. Some companies were using this as an active pharmaceutical ingredient in their units, the agency said in a statement.

Dr Reddy's Labs fell more than 4 percent after Citi downgraded stock to neutral. "We cut FY16-18 EPS by 5-12 percent and move to a lower PE (23x) to arrive at a new target price of Rs 3,775 (from Rs 4,975). A recent 20 percent correction & other mitigating factors could limit further downside but we expect recovery to be drawn out," Citi reasons.

Food Inspector of the UP government, in a report dated August 27, 2015, stated that after testing sample of ITC's Yipee noodles manufactured at Haridwar, it was found that "total ash of the tastemaker exceeds the maximum prescribed limit of 1 percent. Hence, the sample is sub-standard."

The National Consumer Commission, which was hearing the case, has asked the government to send all nine varieties of instant noodles to a lab based out of Mysore, to ascertain if the lead and MSG content are within permissible limits

Lyka Labs has convened an Extra Ordinary General Meeting of members of the Company on September 29, 2015 to seek their approval to the proposed sale of Animal Healthcare Division by Lyka Exports Limited.

CFTRI had tested five samples sent by Goa Food and Drug Administration (FDA) when Maggi was banned in June in the wake of findings in Uttar Pradesh and other states that the instant noodles brand had lead levels beyond permissible limits.

CFTRI had tested five samples sent by Goa Food and Drug Administration (FDA) when Maggi was banned in June in the wake of findings in Uttar Pradesh and other states that the instant noodles brand had lead levels beyond permissible limits.